Defensive balance sheet and competitive advantages provide a solid foundation for long-term growth.
Narrow-moat-rated ARB Corp started fiscal 2018 ahead of our expectations and recent guidance, reporting underlying net profit after tax of AUD 26 million, a 13% increase on the previous corresponding period. The result was driven by better than expected sales growth in Australia and stronger exports to North America and Europe, partially offset by the stronger Australian dollar. The board declared a fully franked interim dividend of AUD 17.5 cents per share, up 9% on last year.Exports remain th...
ARB is engaged in the design, manufacture, distribution and sale of motor vehicle accessories and light metal engineering works.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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